BILL ANALYSIS
Appropriations Committee Fiscal Summary
SB 565 (Costa)
Hearing Date:5/17/89 Amended:4/26/99
Consultant: Karen French Policy Vote:Education 11-0
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BILL SUMMARY:
SB 565authorizes the Director of General Services (DGS) to
acquire real property and construct facilities within
Fresno County for use by Caltrans and other state agencies.
The bill allows the Public Works Board to issue revenue
bonds to finance all costs and to borrow funds at the
Pooled Money Investment Account rate. The costs to acquire
and operate the facilities may not exceed the cost to lease
and operate an equivalen amount of comparable office space
over the same time period.
Fiscal Impact (in thousands)
Major Provisions 1999-2000 2000-01 2001-02 Fund
Fresno facilities -- ---------$100,000+----------Bond
STAFF COMMENTS:
This bill meets the criteria to be placed on the Suspense
file.
This measure is similar to SB 1934 (Johnston) of last year
(and numerous other previous measures) which authorized a
consolidated office building for the Department of
Corrections and other state agencies in either Sacramento
County or West Sacramento. SB 1934 was placed on Suspense,
subsequently moved to the Governor and was signed into law.
As currently drafted, SB 565 does not specify project size
or cost. According to the policy committee analysis, the
author intends to amend this bill to reflect justifiable
costs and size when DGS completes its review of secondary
metropolitan area office needs.